
Jio Platforms IPO Listing: Shares Debut at 21.35% Premium on NSE and BSE, Check Share Price
Jio Platforms lists at Rs 1,358, up 21.35%. Issue price Rs 1,119. Subscribed about 22 times. Issue size about Rs 30,200 Cr.
Updated: 28 Oct 2026 • 11:00 am
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Quick Answer
The Jio Platforms IPO listing today saw the stock debut at Rs 1,358, a 21.35 percent premium over the Rs 1,119 issue price, which put its market value at around Rs 12.5 lakh crore. Anyone checking the Jio Platforms share price today will find a listing gain of Rs 239 per share for the Reliance Industries subsidiary, whose IPO was subscribed about 22 times.
Jio Platforms IPO Listing Today: The IPO closed subscription on 23 October 2026 at roughly 22 times overall, with qualified institutional buyers bidding about 70 times their quota. Here is a recap of the offer, the terms of the Jio Platforms IPO listing, and how the stock traded once it opened on 28 October.
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Jio Platforms IPO Listing: Issue Details
Jio Platforms Limited raised about Rs 30,200 crore through a book built issue of 27 crore fresh equity shares in a price band of Rs 1,065 to Rs 1,119 per share, with no offer for sale. Before the public issue it raised Rs 8,109.85 crore from anchor investors. The shares listed on the NSE and BSE on 28 October 2026. Bidding ran from 21 to 23 October 2026.
| Particular | Detail |
|---|---|
| Allotment Date | 26 October 2026 |
| IPO Open Date | 21 October 2026 |
| IPO Close Date | 23 October 2026 |
| Refund Initiation | 27 October 2026 |
| Issue Size | About Rs 30,200 crore (27 crore shares, entirely fresh) |
| Lot Size | 12 shares (minimum retail application Rs 13,428) |
| Price Band | Rs 1,065 to Rs 1,119 per share |
| Issue Type | Book Built Issue |
| Lead Manager | Kotak Mahindra Capital, with 18 other book running lead managers |
| Registrar | Kfin Technologies Limited |
| Listing At | NSE and BSE |
| Listing Date | 28 October 2026 |
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Jio Platforms IPO Listing Price and Performance
Shares of the Jio Platforms IPO listing opened at Rs 1,358, a gain of Rs 239, or 21.35 percent, over the Rs 1,119 issue price, and touched an early high of Rs 1,374. A retail investor applying for one lot of 12 shares had put in Rs 13,428, so the paper gain at the listing price works out to about Rs 2,868 per lot. For the smallest HNI application of 15 lots, or 180 shares, the gain is about Rs 43,020. Reliance Industries, which holds about 64.48 percent of Jio Platforms after the issue, traded nearly flat on the day.
About the Jio Platforms IPO
Jio Platforms Limited, founded in 2019, runs the digital business of the Reliance group. Through Reliance Jio Infocomm it offers mobile and fixed broadband, cloud, smart home, enterprise and AI driven services, and it reports more than 530 million customers. Reliance Industries is the promoter. Kotak Mahindra Capital led a group of 19 book running lead managers and Kfin Technologies is the registrar. Investors weighing the Jio Platforms IPO listing should note that Rs 27,500 crore of the proceeds goes to prepaying borrowings and that the issue was priced at a P/E of about 33 times.
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Jio Platforms Financials
Here is how the company has performed financially, useful context for anyone checking the Jio Platforms share price today after the Jio Platforms IPO listing.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Total Income | 1,49,759.10 | 1,29,333.00 | 1,10,175.40 |
| EBITDA | 76,255.40 | 64,170.00 | 54,958.70 |
| Profit After Tax | 30,052.70 | 26,120.30 | 21,434.00 |
| Total Borrowings | 70,781.00 | 73,060.30 | 54,348.90 |
Explanation
Total income rose about 16 percent in FY26 to Rs 1,49,759 crore and profit after tax grew about 15 percent to Rs 30,053 crore, a PAT margin of about 20 percent. Borrowings of Rs 70,781 crore remain large, and the heavy institutional demand behind the Jio Platforms IPO listing sits against retail interest that was much lower during bidding.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Jio Platforms IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Jio Platforms IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What was the Jio Platforms IPO listing price?
Ans. Jio Platforms shares listed at Rs 1,358, a 21.35 percent premium over the Rs 1,119 issue price, with an early high of Rs 1,374.
Was the Jio Platforms IPO listing a premium or a discount?
Ans. It was a strong premium listing, with the stock opening Rs 239 above the issue price.
How much was the Jio Platforms IPO subscribed?
Ans. The IPO was subscribed about 22 times overall by the close of bidding on 23 October 2026, with qualified institutional buyers at about 70 times their portion.
What is the issue price of the Jio Platforms IPO?
Ans. The price band was Rs 1,065 to Rs 1,119 per share, and the issue price was fixed at the upper end, Rs 1,119.
What is the lot size of the Jio Platforms IPO?
Ans. The lot size was 12 shares, and a retail investor needed Rs 13,428 for one lot at the upper end of the band.
Who is the registrar for the Jio Platforms IPO?
Ans. Kfin Technologies Limited is the registrar.
What does Jio Platforms do?
Ans. Jio Platforms is the Reliance group company that houses its digital connectivity and services business, including Reliance Jio Infocomm.
Where can I check the Jio Platforms share price today?
Ans. You can check the Jio Platforms share price today on the NSE and BSE platform, or through the Univest platform.
Should I hold shares after the Jio Platforms IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the steady earnings growth and large scale against high borrowings and a valuation of about 33 times earnings before deciding whether to hold or book profit after the Jio Platforms IPO listing.
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